Fully Leased Retail
4630 Commercial Drive, New Hartford, NY 13413
For Sale
Contact for pricing
Two buildings accommodate four businesses under net leases with scheduled rent increases.
Property Size9,186 SF
Lot Size1.36 Acres
Price / SF$351.48
Days on Market43
Property Features for 4630 Commercial Drive
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Horvath & Tremblay
Listed By:
Erik Berndt · License #9629208
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 8 at 4:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
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Investment Insights
Based on property information with market context.
Alivana Plaza comprises two buildings totaling 9,186 square feet on a 1.36-acre parcel. The center is fully occupied by The Good Feet Store, Cool Nails 1, MedSpa and Moe's Southwest Grill, which operates from a separate single-tenant building. Tenant leases are net leases, with scheduled increases during initial terms and/or renewal options.
The property fronts Commercial Drive, also designated NY Route 5A, in New Hartford. Nearby retail destinations include Sangertown Square Mall and New Hartford Consumer Square, alongside other retail, restaurant, financial and service businesses. Route 8/Sauquoit Valley Arterial and NY Route 840 provide regional connections. Nearby healthcare providers and colleges and universities are also part of the surrounding area.
The property fronts Commercial Drive, also designated NY Route 5A, in New Hartford. Nearby retail destinations include Sangertown Square Mall and New Hartford Consumer Square, alongside other retail, restaurant, financial and service businesses. Route 8/Sauquoit Valley Arterial and NY Route 840 provide regional connections. Nearby healthcare providers and colleges and universities are also part of the surrounding area.
Key Highlights
- Two buildings totaling 9,186 square feet on 1.36 acres
- Fully occupied by The Good Feet Store, Cool Nails 1, MedSpa and Moe's Southwest Grill
- Moe's Southwest Grill occupies a freestanding single‑tenant building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,402
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,040
$1.8M
Cap Rate 7%
$1,320,029
$1.3M
Cap Rate 9%
$1,026,689
$1.0M
Market Conditions
NOI Build-Up for 9,186 SF
Gross rent
$137.8K $15.00/SF
− Vacancy
−$5.8K −$0.63/SF
EGI
$132.0K $14.37/SF
− OpEx
−$39.6K −$4.31/SF
NOI
$92.4K $10.06/SF
Area
Oneida County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,040
Cap Rate 7%
$1,320,029
Cap Rate 9%
$1,026,689
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,402 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,449 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
643k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 24%
Shops & Services 23%
Superstores 19%
Dining 18%
Target
Superstores
122,916 visits/mo
0.2 miles
Boscov's
Apparel
74,461 visits/mo
0.4 miles
Kohl's
Apparel
67,011 visits/mo
0.4 miles
Hannaford
Groceries
42,577 visits/mo
0.3 miles
Dollar Tree
Shops & Services
37,345 visits/mo
0.3 miles
Demographics for 13413, NY
15,574
Population
7,537
Households
2.1
Avg Household Size
47
Median Age
49%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
807
Density / Sq Mi
$91,899
Median Household Income
$57,723
Median Earnings
$1,133
Median Rent
$218,900
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Plaza 5 — 8469 Seneca Tpke STE 203, New Hartford, NY 13413
- Crossroads Plaza — Seneca Tpke, New Hartford, NY 13413
- Sangertown Square — 8555 Seneca Tpke, New Hartford, NY 13413
- Empire CBD Outlet — 8555 seneca turnpike, new hartford, ny 13413
- The Orchard — Middle Settlement Rd &, Clinton St, New Hartford, NY 13413
Frequently Asked Questions
What type of property is this?
Shopping center - Two buildings accommodate four businesses under net leases with scheduled rent increases.
Where is this shopping center located?
The property is located at 4630 Commercial Drive New Hartford, NY.
What is the asking price?
The asking price for this property is $3,228,736.
What are key features of this property?
This property features: Two buildings totaling 9,186 square feet on 1.36 acres; Fully occupied by The Good Feet Store, Cool Nails 1, MedSpa and Moe's Southwest Grill; Moe's Southwest Grill occupies a freestanding single‑tenant building
